Lynchburg City Schools is always looking for ways to be more efficient and effective in our fiscal policies. While it may seem like a minor issue to some, receipt of non-sufficient fund (NSF) checks is a time consuming and costly issue. As with any business, LCS has an obligation to our clients, the community taxpayers, to be fiscally accountable. Processing returned checks can take valuable time from the school personnel. To manage this process, our schools use Envision Payment Solutions™.
Please be aware that if your check is returned, it may be re-presented electronically. Also, in presenting a check for payment, you authorize service charges and processing fees to be debited from the same account should the check be dishonored. These fees, as permitted by state law, may be debited as a paper draft or an electronic funds transfer, at our option. Each dishonored item is subject to the applicable state returned check fees.
Specifically, per Virginia Code Annotated § 8.01-27.1, the service fee for returned checks is as follows:
$50, plus legal interest from the date of the check and the bad check return fee charged to the holder by its bank.
(Note that the fee structure will change according to any amendments made to VA law during a school year.)
If you wish to inquire about a returned check written to Lynchburg City Schools, please contact Envision Payment Solutions™ directly at the information listed below:
Envision Payment Solutions™
Phone: (877) 290-5460, or (770) 709-3100
Fax: (770) 709-3007
P.O. Box 157
Suwanee, GA 30024-0157